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FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, has released its annual Cross-Border Payments 100 list, highlighting the 100 most influential players in global payments. Released on May 08, the 2025 Cross-Border Payments 100 recognizes industry leaders across the sector.
A new report by Deloitte delves into the latest developments in the cross-border payment sector in Asia-Pacific (APAC), identifying four major trends reshaping the landscape and offering significant opportunities for merchants. trillion in consumer spending across channels in 2023.
Financialinclusion opportunities for Southeast Asia’s fintechs The report, released in December, explores the driving factors and key trends in Southeast Asias fintech market, highlighting Southeast Asias robust fundamentals which have been propelled the fintech sectors rapid growth. billion underbanked adults.
The ambitious initiative is targeting to transform cross-border payments in Southeast Asia (ASEAN) initially, before the broader Asia Pacific (APAC) region and, eventually, the world. Nexus is designed to standardise the way domestic payment systems connect with each other across borders. How Does Project Nexus Work?
dLocal , the leading cross-border payment platform specializing in high-growth markets, today announced its strategic partnership with iTransfer , a prominent cross-border payments company with a significant presence in EMEA, Latin America, and APAC.
Nium , the leading global infrastructure for real-time cross-border payments, today announced a partnership with Ecobank Transnational Incorporated., the leading independent pan-African financial services group, to enable seamless cross-border payments across 35 African markets for more than 32 million customers.
These experts covered some of the industry’s hottest trends and most urging issues, including artificial intelligence (AI), quantum computing, digital assets, next-generation transactions, and financialinclusion. On the international front, cross-border payments have presented a different set of challenges.
Over 350 million adults in Africa live on a cash-only basis ( [link] ), without access to financial accounts, credit cards, or lending facilities. Digital currency systems could prove to be key in improving financialinclusion and opening up new opportunities to large underbanked communities in many African countries.
TerraPay , a global leader in digital cross-border payments, today announced that it has been granted a Class B license by Bank Negara Malaysia (BNM). Malaysia stands as one of the largest cross-border remittance and trade corridors in the Asia-Pacific region.
By improving liquidity and accessibility, we are enabling faster, more transparent, efficient, and cost-effective on-chain cross-border payment flows. The post StraitsX’s XSGD Expands Reach with Bitstamp Listing appeared first on Fintech Singapore.
In an era marked by rapid technological evolution, the finance function within businesses stands at the forefront of digital transformation in the Asia Pacific (APAC). Digital transformation in APAC This digital acceleration suggests a future where AI and automation streamline operations and unlock new avenues for innovation and growth.
The agreement allows FOMO Pay to streamline USD payments by leveraging BNY’s direct clearing capabilities, global reach, and expertise to improve the speed and efficiency of cross-border transactions. The collaboration integrates BNY’s payment infrastructure with FOMO Pay’s offerings.
Unlocking Global Cross-Border Payment Flows Stablecoins like XSGD are rapidly emerging as the preferred solution for on-chain cross-border payments, providing a secure and efficient alternative to traditional financial systems. XSGD will be available via Bitstamp globally, except in US and EU countries.
Day 2 featured discussions on small business empowerment, consumer financial resilience, and lending strategies in Thailand. Day 3 explored topics like Web3 developments, Malaysia’s fintech journey, and fostering financialinclusion in Asia.
The session will shed light on the regulator’s drive towards innovation, transparency, and collaboration, highlighting initiatives like mBridge for cross-border CBDC payments and the successful real-time payments between PromptPay in Thailand and PayNow in Singapore. 7 CBDCs – The New Frontier of Money?
Money20/20 Asia 2024 in Bangkok, which marks the event’s third location following Amsterdam and Las Vegas, promises a comprehensive platform for professionals across the Asia-Pacific (APAC) region to explore the latest advancements in fintech across a wide range of sectors, including payments, banking, regtech, insurtech, lending, and more.
In global commerce, cross-border B2B payments are crucial, yet hindered by complexity, high costs, and slow processing times. In global commerce, cross-border B2B payments are crucial, yet hindered by complexity, high costs, and slow processing times. Download the paper to see the data and learn more.
Sentbe, which is based in South Korea, wants to improve cross-border person-to-person money transfers by using new technology. The company is licensed as a financial institution in South Korea and works to give everyday users financial opportunities they might not be able to get in the current financial system. .
The session will shed light on the regulator’s drive towards innovation, transparency, and collaboration, highlighting initiatives like mBridge for cross-border CBDC payments and the successful real-time payments between PromptPay in Thailand and PayNow in Singapore. 7 CBDCs – The New Frontier of Money?
1 B2B Cross-Border Trade Payment Platform, is excited to announce a strategic partnership with TerraPay , a leading global money movement company. This partnership will be instrumental in boosting cross-border trade while significantly broadening the spectrum of payment methods available to SMEs.
It also identifies how lawmakers and central banks are pushing for adoption, determined to reap the economic benefits of real-time payments and drive financialinclusion for their citizens. Debbie Guerra, chief product officer, ACI Worldwide “Real-time payments—and especially cross-border payments—are the future.
The Money20/20 Asia show welcomed over 3000 attendees, who traveled from 87 countries including 24 countries in APAC. ” Unsurprisingly, AI, cross-border payments, open banking, digital assets, CBDCs, as well as financialinclusion were hot topics on stage at Money20/20 Asia.
Airwallex said that, with the funding, the company is aiming to speed up the production of its cross-border payment technology. ” According to the company, the funding will enable Airwallex to solidify connections between Asia-Pacific (APAC), Europe and North America.
Moderating the session will be Tristan Chiappini, VP APAC and Managing Director at PPRO. This event is targeted towards payment service providers, large merchants with cross-border businesses, digital wallets, payment methods, super-apps, and BNPL solution providers.
In the Asia-Pacific (APAC) region, 11 out of the 13 profitable digital banks , including South Korea’s Kakao Bank, India’s Paytm Bank, and China’s AIBank, WeBank, XW Bank, and MyBank, are redefining banking paradigms.
She further showed how fintech is driving financialinclusion and explored trends in fundraising, investing, Islamic fintech as well as digital assets. It also gave an overview of impactful strategies, partnerships and innovations making financial services accessible and empowering communities. .
The report also reveals that many of the newer market entrants around the globe are quickly catching up, with lawmakers and central banks around the world pushing for adoption, determined to reap the economic benefits of real-time payments and drive financialinclusion for their citizens. Key Findings at a Glance Globally, 575.1
Its fair to say that traditional financial systems left many people and communities underserved, but LPMsfrom mobile wallets in Africa to RTP schemes like UPI in Indiabridge this gap, and theyre empowering billions of consumers to participate in the digital economy. At Boku, we want to be at the heart of this transformation.
Another session that caught our eye on the Vision stage included ‘Connecting for Change: MUFG’s Strategy for Fintech Integration’, a presentation and discussion with Masakazu Osawa , managing executive officer and chief executive, APAC at MUFG Bank, which outlined how MUFG identifies and collaborates with promising startups.
As of April 2023, there were 1,000 active fintechs in Latin America (LatAm) with a vast majority focusing on financialinclusion, tackling the issue of 70 per cent of the population not having access to formal financial services. This success is now drawing attention in Latin America and further afield.
With its proprietary infrastructure, Airwallex takes the friction out of global payments and financial operations, empowering businesses of all sizes to unlock new opportunities and grow beyond borders. In 2023, the company processed over 50 million transactions and achieved annual volume close to US$80 billion.
One such initiative is the Digital Silk Road (DSR), launched in 2015, which aims to extend China’s digital expertise beyond its borders. Digital adoption, already high before Covid-19, surged during the country’s strict pandemic policies, alongside a boom in e-commerce and financialinclusion efforts for individuals and SMEs.
Neil will be responsible for building and leading sales teams across EMEA, LATAM, North America and APAC, and implementing strategic initiatives that will contribute to the continued growth of Unlimit. The collaboration aims to empower traders to anticipate market trends, mitigate credit risk and make informed investment decisions faster.
After a successful year of empowering Avanade employees with financial skills and knowledge in the UK and Ireland, the team is rolling out nudge’s education in an additional seven countries across EMEA and LATAM. Prior to joining, Deck served as the chief financial officer at Netspend, a provider of digital banking and payment solutions.
Global fintech event Money20/20 has unveiled its latest report, The Future of Fintech in APAC, ahead of its Asia conference in Bangkok from 22 to 24 April. It highlights the regions increasing prominence, driven by its dynamic market potential and a collective focus on financialinclusion.
The Asia-Pacific (APAC) region boasts one of the fastest-growing fintech industries globally, home to several leading players and the highest levels of fintech adoption worldwide. In 2024, financial regulators ramped up efforts to introduce supportive frameworks aimed at fostering fintech innovation and adoption.
As 2025 approaches, where will new opportunities arise for financial institutions, financial services providers, and fintechs looking to expand into new markets? In this week’s Finovate Global interview, I talk with Lewis Ide , Vice President for 10x Banking , about the opportunities in high-growth markets in APAC and Africa.
days, more than 25 speakers will address key topics including wholesale CBDCs for cross-border payments, public-private collaboration, financialinclusion, stablecoin regulation, tokenisation, and cybersecurity in digital finance. said Shaun Ferrari, Chief Commercial Officer, Currency Research. Over the course of 1.5
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